Quick ₹2 Lakhs Loan on Aadhar Card – How to Apply?

Financial emergencies are hard to tackle especially when you don’t get the needful help! But not with WeCredit! Here we come up with a ₹2 Lakhs Loan to cover your urgent cash needs without hassle. Now get a loan of ₹2 Lakhs with WeCredit with your Aadhar Card. Take care of medical emergencies, education expenses, or any other immediate financial need easily. Read how to get this loan with your Aadhar Card.

How to Apply for a ₹2 Lakhs Loan on Aadhar Card?

Follow the step-by-step process to apply for a straight ₹2 Lakhs Loan on Aadhar Card:

1. Click on ‘Apply’ on our Personal Loan Page.
2. Enter your mobile number and submit the OTP.
3. Fill in the application form by filling the basic loan details such as your full name, PAN, date of birth, and PIN Code.
4. Click on ‘Proceed’ to enter the lender’s page.
5. Choose your desired lender and apply for the loan.
6. Complete your KYC and submit the application form.

A WeCredit representative will call you and guide you through the next steps. The loan amount will be directly transferred to your bank account upon verification and approval.

Read Also: Repayment Terms and Conditions for MUDRA Loans

Eligibility Criteria & Documents Required to Get a ₹2 Lakhs Loan on Aadhar Card

1. You must be an Indian Citizen.
2. Your age should be between 21 years to 80 years*.
3. You must be employed with the Public, Private, or MNC.
4. Your CIBIL Score must be 685 or higher.

*Your age should be 80 years or less at the end of the loan tenure.

Here are the documents required:

1. Any one of the following KYC documents: Aadhar, Passport, Voter’s ID, Driving Licence, Letter of National Population Register
2. PAN Card
3. Employee ID Card
4. Salary Slips of last 3 months
5. Bank Account Statements of previous 3 months

Discover More: Personal Loans for Women: A Financial Boost for Every Stage of Life

Interest Rates on ₹2 Lakhs Loan on Aadhar Card

Interest Rates are subject to the lenders’ specifications and your credit profile. It is advisable to check applicable charges before applying for a loan.

Advantages of ₹2 Lakhs Loan on Aadhar Card

There are certain reasons why you should opt for ₹2 Lakhs Loan on Aadhar Card with WeCredit:

1. Less Paperwork

Your Aadhar Card is enough for identification, which reduces the amount of extra paperwork needed.

2. No Collateral Required

This loan does not require you to pledge any asset or security to obtain it. Thus it is accessible to all – even those who don’t have any collateral to offer.

3. Flexible Repayment Period

You can have a repayment tenure chosen according to your feasibility. Repayment tenure starts from a minimum of 12 months.

4. Quick Disbursal

Looking at your urgent funds need, we have streamlined our process so you can get a loan as soon as possible. Getting the loan within 24 hours is also possible.

How to Calculate EMI for a Quick Loan of ₹2 Lakhs  on Aadhar Card

You can visit our EMI Calculator Page from here. Let us take an example of a sample calculation:

If you take out a loan of ₹2 Lakhs on your Aadhar Card at an interest rate of 11% having a tenure of 3 years, your EMI per month would be ₹6,548.

Understanding your monthly EMI will help you plan your budget well.

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Conclusion

You can easily get a loan of ₹2 Lakhs with your Aadhar Card through WeCredit. Keep the KYC documents ready with you before applying and get aligned with the eligibility criteria. Follow the simple steps carefully and get the loan within no time. You can use the loan for multiple purposes.